Chinese Premier guarantees Turkish entrepreneurs increased trade

Chinese Prime Minister Wen Jiabao assured today the Turkish businessmen that his country is committed to developing trade and investment ties closer with Turkey and pledged to increase bilateral trade to U.S. $ 50,000 million in five years.

"We have set an ambitious goal of trading volume of 50,000 million U.S. dollars from China and Turkey in five years," Wen told a group of Turkish businessmen in Istanbul, adding that the goal is attainable, but strenuous efforts are needed.

The trade volume between China and Turkey in 2009 was 10,000 million U.S. dollars with a surplus in favor of China.

To achieve a trade balance with Turkey, Wen promised the Turkish businessmen that China will send more trade commissions on Turkey to import more products are Turks.

"China never seeks a trade surplus, but a balanced and sustainable trade," Wen said.

He said the two countries can sign a currency swap agreement to facilitate cooperation, and establish bank branches in both countries.

"The finance-related departments of China will buy Turkish treasury bonds to help Turkey to stabilize its financial market," said Wen.

He stressed that both sides should address the concerns of others and carry out exchanges close, consultations and oppose trade protectionism.

"I think the China-Turkey trade cooperation is developing and will enjoy tremendous promise," said Wen.

Wen arrived Thursday evening at the Turkish capital Ankara after visiting Greece, Belgium and Italy.

During her two-day talks with his Turkish counterpart Recep Tayyip Erdogan and attend the signing ceremony of eight agreements between the two countries in sectors like trade, transport, infrastructure, communications and cultural exchanges.
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